Stock index DAX 30 is trading at the level of 12595.6. DAX 30 is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the DAX 30. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 12470.0, from which it is expected to attempt a growth and further development of the bullish trend with a target to growth near the level of 12790.0. Earlier, we received a weak signal for buy of the exchange index DAX 30, due to the crossing of the signal lines at the level of 12070.0.
DAX 30 forecast & analysis on September 26, 2017
Cancellation of the variant of growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 12280.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the stock index DAX 30 stands with the breakdown of the local maximum area at the level of 12750.0.